Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Jumps 69.9%

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 186,921 shares, a growth of 69.9% from the September 15th total of 110,035 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 66,875 shares, the short-interest ratio is presently 2.8 days.

Armlogi Stock Up 5.9%

Armlogi stock traded up $0.17 during mid-day trading on Thursday, reaching $3.07. The company’s stock had a trading volume of 17,782 shares, compared to its average volume of 24,767. The company has a market capitalization of $139.51 million, a price-to-earnings ratio of -6.67 and a beta of 2.90. Armlogi has a 12 month low of $2.43 and a 12 month high of $12.32. The business’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.44 and a current ratio of 0.44.

Armlogi (NASDAQ:BTOC) last issued its quarterly earnings results on Friday, September 25th. The company reported ($1.92) EPS for the quarter. Armlogi had a negative return on equity of 133.87% and a negative net margin of 11.23%. The business had revenue of $43.14 million for the quarter.

Hedge Funds Weigh In On Armlogi

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE bought a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned about 0.33% of Armlogi as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Armlogi in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Armlogi presently has an average rating of “Sell”.

About Armlogi

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services for businesses operating in e-commerce and other commercial sectors. Its activities include warehouse management, inventory storage, order fulfillment, transportation coordination, and related logistics support.

The company’s services are designed to help customers manage the movement of goods from suppliers and storage facilities to end customers. Armlogi has focused on serving online retailers and other businesses that require third-party logistics, including storage, packaging, distribution, and delivery support.

Armlogi is based in the United States and has developed logistics and warehousing operations to support domestic fulfillment needs.